secwatch.observer — SEC 8-K summary
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Issuer:     Nevada Canyon Gold Corp. (NGLD)
CIK:        0001605481
Form:       8-K
Filed at:   2021-10-19T23:59:59+00:00
Accession:  0001493152-21-025782
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.0, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nevada Canyon Gold closes $1M convertible note financing at 15% interest
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- Closed $1,000,000 in convertible promissory notes to accredited investors.
- Notes bear 15% annual interest, due 12 months from issuance.
- Conversion price is lesser of $0.375/share or 25% discount in a $5M+ offering.
- Proceeds for mineral property work, acquisitions, and working capital.
- Conversion limited to 4.99% of outstanding shares at any one time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221025782/0001493152-21-025782-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605481/000149315221025782/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-21-025782

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer